Listing an Investment fund/ETF on the BdL Market

Listing on the Bourse de Luxembourg (BdL) market will require submission of a prospectus to Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF). Once the prospectus has been reviewed and approved, the fund will be listed and admitted to trading.

Prospectuses for open-ended UCIs for distribution in Luxembourg and listed on the BdL market are exempted from approval under the law of 2005 on prospectuses for securities.

Prospectuses for closed-ended UCIs to be listed on the BdL market must be approved by the CSSF under the law of 2005 on prospectuses for securities. Send your prospectus to prospectus.approval@cssf.lu or visit the CSSF’s website for more information:

After listing and admission to trading, issuers are required to fulfil certain reporting obligations in compliance with applicable UCI laws or as outlined under the Law of January 2008, which implements the requirements of the EU Transparency Directive.

Issuers must also file information and scheduled corporate events with LuxSE (Part 1, Chapter 9 of the Rules & Regulations).

Issuers on the BdL market can take advantage of LuxSE’s FIRST, a new integrated tool that distributes publications to the market, the Officially Appointed Mechanism (OAM) and the CSSF. By using FIRST, you will fully comply with all regulatory reporting obligations.

In the context of MiFID II / MiFIR and MAR, the LuxSE is obliged to collect a ‘Legal Entity Identifier’ or ‘LEI’ code from any issuer operating on its regulated market (Bourse de Luxembourg) and on its Multilateral Trading Facility (Euro MTF) and communicate it to the relevant supervisory authorities.

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Alex Picco

LuxSE Group

The LuxSE Group is composed of the Luxembourg Stock Exchange (LuxSE) the leading listing venue for international securities and Fundsquare, its wholly-owned subsidiary specialized in delivering to the fund industry an efficient and standardized infrastructure for the exchange of information.